Capital Market Strategies LLC Sells 1,352 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Market Strategies LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,340 shares of the e-commerce giant’s stock after selling 1,352 shares during the period. Amazon.com accounts for approximately 1.2% of Capital Market Strategies LLC’s portfolio, making the stock its 16th largest holding. Capital Market Strategies LLC’s holdings in Amazon.com were worth $1,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Versant Capital Management Inc increased its position in shares of Amazon.com by 67.5% during the first quarter. Versant Capital Management Inc now owns 20,599 shares of the e-commerce giant’s stock valued at $3,919,000 after buying an additional 8,298 shares during the period. Adirondack Trust Co. increased its position in shares of Amazon.com by 0.9% during the first quarter. Adirondack Trust Co. now owns 37,064 shares of the e-commerce giant’s stock valued at $7,052,000 after buying an additional 334 shares during the period. First Citizens Financial Corp increased its position in shares of Amazon.com by 30.4% during the first quarter. First Citizens Financial Corp now owns 2,707 shares of the e-commerce giant’s stock valued at $515,000 after buying an additional 631 shares during the period. Legacy Wealth Management LLC MS increased its position in shares of Amazon.com by 153.3% during the first quarter. Legacy Wealth Management LLC MS now owns 24,594 shares of the e-commerce giant’s stock valued at $4,679,000 after buying an additional 14,886 shares during the period. Finally, Lederer & Associates Investment Counsel CA increased its position in shares of Amazon.com by 3.9% during the first quarter. Lederer & Associates Investment Counsel CA now owns 23,138 shares of the e-commerce giant’s stock valued at $4,402,000 after buying an additional 863 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $216.98 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.30 trillion, a PE ratio of 39.24, a P/E/G ratio of 1.50 and a beta of 1.33. The business has a 50 day moving average of $192.26 and a 200 day moving average of $208.96. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Mizuho decreased their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Benchmark restated a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wedbush restated an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.